How Matex Intervention helped a leading Sanitary ware Company to overcome its logistics challenges.
Challenges Faced:
- A leading sanitaryware brand, encountered significant transportation and logistics challenges in transporting their finished goods to their warehouses.
- The manual process of collecting and finalizing quotes for transporting products to various warehouses across the country, often took over a month.
- Managing multiple vendors led to delays, and the absence of a streamlined route allocation system further complicated timely deliveries.
- Manual regional breakdowns delayed critical logistics decisions, impacting overall efficiency of the company.
Solution Offered:
- Matex addressed their pain points by offering TransportTek, an innovative module for streamlined negotiations and customized solutions in logistics management.This module enabled efficient regional breakdowns and timely completion of the quote collection and final signoff process.Though the pain points were reduced initially, they weren't completely nullified.
- Understanding this, the technology team again customized and introduced a Weighted Average Methodology, a statistical approach including advanced algorithms which significantly enhanced decision-making and operational control, bringing various actions within their turnaround time (TAT). This helped in better management of the routes and its connectivity.
Benefits:
- The implementation of TransportTek services resulted in substantial benefits for the Sanitary brand. lot.
- The company saved over Rs. 26+ Crores through competitive bidding in just 4 years. This drastically reduced the time and effort required for logistics management, and optimized route planning for timely deliveries.
- The streamlined systems improved overall operational efficiency and decision- making processes, enhancing the brand's market position and satisfaction levels.
Highlights:
- Period of study - from Oct 2021 to Mar 2024
- No of routes handled -11,087
- Savings Rs.26.29 Cr.
- Percentage of savings - 15% savings
Matex's tailored solutions effectively addressed the transportation challenges, leading to significant cost savings, improved efficiency, and strengthened market leadership for the client.
